Are Social Security recipients getting an extra $2400 a year?

No, Social Security recipients aren’t getting an extra $2,400 per year. A bill proposing the increase in benefits has not passed. Sign up for the VERIFY Fast Facts daily Newsletter! A bill that would have increased Social Security payments by $200 per month was introduced in both the House and Senate in June 2022. But the legislation didn’t pass.

Would a social security bill give seniors an extra $2400 a year?

Social Security bill would give seniors an extra $2,400 a year. Here's how it would work. - CBS News Social Security bill would give seniors an extra $2,400 a year. Here's how it would work. Seniors and other Social Security recipients in the U.S. are being hit hard by inflation, which has outpaced increases in their benefits this year.

Will social security increase payments by 2400 a year?

Now, some lawmakers have a plan to boost Social Security payments by $2,400 per recipient annually, while also shoring up the program financially. The Social Security Expansion Act was introduced June 9 by Rep. Peter DeFazio, a Democrat from Oregon, and Senator Bernie Sanders, an Independent from Vermont.